SI-BONE (NASDAQ: SIBN) officer’s tax sale leaves 130K+ stock units
Rhea-AI Filing Summary
SI-BONE, Inc. (SIBN) officer Michael A. Pisetsky, SVP, Ops & Adm/Chief Legal Officer, reported selling a total of 3,725 shares of common stock on August 17, 2026, in open-market transactions. According to the disclosure, these sales were required solely to cover tax withholding obligations from vesting restricted stock units under a “sell to cover” arrangement and did not represent discretionary trades. Following these transactions, Pisetsky’s reported holdings include 130,281 shares issuable upon settlement of restricted stock units, each unit representing a contingent right to one share of SI-BONE common stock.
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Insider Trade Summary
Net Seller: 3,725 shares
Net Sell
2 txns
Insider
PISETSKY MICHAEL A.
Role
SVP, Ops & Adm/Chief Legal Ofr
Sold
3,725 shs ($69K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 1,854 | $18.6154 | $35K |
| Sale | Common Stock F1, F3, F4 | 1,871 | $18.6521 | $35K |
Holdings After Transaction:
Common Stock — 273,650 shares (Direct)
Footnotes (4)
- F1. The sale reported on this Form 4 represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. The sale satisfies the tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
- F2. This transaction was executed in multiple trades at prices ranging from $18.545 USD to $18.77 USD; the price reported above reflects the weighted average sale price.
- F3. This transaction was executed in multiple trades at prices ranging from $18.55 USD to $18.77 USD; the price reported above reflects the weighted average sale price.
- F4. Includes 130,281 shares issuable on the settlement of restricted stock units granted to the Reporting Person. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
Key Figures
Shares sold (first transaction): 1,854 shares
Price per share (first transaction): $18.6154 per share
Shares sold (second transaction): 1,871 shares
+3 more
6 metrics
Shares sold (first transaction)
1,854 shares
Common stock sold on August 17, 2026 to cover tax withholding
Price per share (first transaction)
$18.6154 per share
Weighted average sale price; trades ranged from $18.545 to $18.77
Shares sold (second transaction)
1,871 shares
Common stock sold on August 17, 2026 to cover tax withholding
Price per share (second transaction)
$18.6521 per share
Weighted average sale price; trades ranged from $18.55 to $18.77
Total shares sold
3,725 shares
Aggregate of both August 17, 2026 sales reported by the officer
Restricted stock units held
130,281 units
Each RSU represents a contingent right to one share of common stock
Key Terms
sell to cover, restricted stock units, weighted average sale price, contingent right
4 terms
sell to cover financial
"obligations to be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
restricted stock units financial
"connection with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average sale price financial
"price reported above reflects the weighted average sale price"
contingent right financial
"Each restricted stock unit represents a contingent right to receive"
FAQ
What insider transaction did SI-BONE (SIBN) report for Michael A. Pisetsky?
SI-BONE reported that officer Michael A. Pisetsky sold 3,725 shares of common stock on August 17, 2026. The company states these sales were solely to cover tax withholding obligations from vesting restricted stock units under a non-discretionary “sell to cover” arrangement.
How many SI-BONE (SIBN) restricted stock units does Michael A. Pisetsky hold?
After the reported transactions, Pisetsky’s holdings include 130,281 restricted stock units. A footnote explains each restricted stock unit represents a contingent right to receive one share of SI-BONE’s common stock upon settlement, increasing potential future share ownership.
Were the August 17, 2026 SI-BONE (SIBN) insider sales under a Rule 10b5-1 plan?
The Form 4’s Rule 10b5-1 checkbox is not marked as a plan transaction. Instead, the footnotes specify the sales were mandatory “sell to cover” trades solely to satisfy tax withholding from restricted stock unit vesting, rather than discretionary trading.
AI-generated analysis. How Rhea-AI works. Not financial advice.